Police arrest seven staff of investment firm over alleged N226.7m fraud

The Delta State Police Command, on Friday, confirmed the arrest of
seven persons in Asaba over the alleged N226.7m fraud under an
investment company identified as Trust Integrated Investment Company
Limited along Nnebisi road Asaba.

Mustafa Muhammad, the Police Commissioner in the state who confirmed
the arrest of the suspects to journalists in Asaba disclosed that the
suspects allegedly defrauded many unsuspecting residents of Asaba in
the last few months through the investment company, adding that the
suspects upon interrogation, made useful statements to the police.

He said, " Some of the people duped petitioned the police, and upon
investigation, the seven persons were arrested for allegedly
defrauding the people to the tune of N226.7million. The suspects have
made useful statements to the police, and investigation is ongoing".

It was gathered that the suspects under the guise of Microfinance
company around Asaba city Plaza Complex, allegedly duped unsuspecting
Asaba residents including two female medical doctors to the tune of

But the police Commissioner while speaking further said, "The suspects
from investigation are crooks who until they were arrested were
working with one of the new generation banks; they admitted to the
police that they were involved in the fraud to eke a living for
themselves. Investigation is ongoing, and upon completion, the
suspects will be charged to court".

He gave the names of the suspects as ; Emmanuel Emelue, The investment
manager, Adesegun Gabriel, Thomas Chibuzor, Desmond Chibuzor, Emmanuel
Blessing, Dennis Arinze, Aba Beneth, and Cletus Ogbah, disclosing that
the police apart from acting on a petition from some of the victims,
disclosed that two of the suspects were currently standing trial for
alleged fraud of N200,000, at Ogwashi UkU Magistrate Court

Sources said that suspects operated the investment company under the
name -Trust Integrated Investment Limited in Asaba and allegedly
cajoled unsuspecting customers with mouth-watering gains for their
deposit, especially with the promise of giving out loans with ease to
people desperate to improve on their businesses.

The police Boss further disclosed that some of them were traced to
Enugu and arrested in their hotel rooms with their girlfriends.

One of the victims,a female Medical doctor who spoke to our
correspondent on condition of anonymity said," I was introduced to the
suspects by a friend and I started with them with N200,000; now my
money is gone because they are owing lots of people."

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